Nate Geraci, President of The ETF Store, shared insights on the X platform, revealing that BlackRock is preparing to apply for spot ETFs tied to Solana (SOL) and XRP.
SOL ETF Application: Could be filed at any time, as BlackRock reportedly sees potential in the asset’s strong adoption and DeFi ecosystem.
XRP ETF Application: Expected after the SEC lawsuit against Ripple is resolved, removing regulatory uncertainty surrounding the asset.
BlackRock’s potential entry into SOL and XRP spot ETFs aligns with its broader crypto expansion, following the launch of its iShares Bitcoin (IBIT) and Ethereum (ETHA) ETFs, which have gained massive institutional inflows.
